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Regulation under Financial Constraints
Gautier, Axel - 2002
This article studies the problem of regulating a monopolist with unknown marginal cost. The originality of the paper is …
Persistent link: https://www.econbiz.de/10010263052
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Regulation under Wealth Constraints
Gautier, Axel - Institut de Recherche Économique et Sociale (IRES), … - 2000
This article studies the problem of regulating a monopolist with unknown marginal cost. The problem described differs …
Persistent link: https://www.econbiz.de/10004985100
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Financing Infrastructure under Budget Constraint
Gautier, Axel; Mitra, Manipushpak - 2002
In this paper we consider the problem of financing infrastructure when the regulator faces a budget constraint. The optimal budget-constrained mechanism satisfies four properties. The first property is bunching at the top, that is the more efficient firms produce the same quantity. The second...
Persistent link: https://www.econbiz.de/10010263051
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Financing infrastructure under budget constraints
GAUTIER, Axel; MITRA, Manipushpak - Center for Operations Research and Econometrics (CORE), … - 2003
In this paper we consider the problem of financing infrastructure when the regulator faces a budget constraint. The optimal budget-constrained mechanism satisfies four properties. The first property is bunching at the top, that is the more efficient firms produce the same quantity irrespective...
Persistent link: https://www.econbiz.de/10005042846
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Financing Infrastructure under Budget Constraint
Gautier, Axel; Mitra, Manipushpak - University of Bonn, Germany - 2002
In this paper we consider the problem of financing infrastructure when the regulator faces a budget constraint. The optimal budget-constrained mechanism satisfies four properties. The first property is bunching at the top, that is the more efficient firms produce the same quantity. The second...
Persistent link: https://www.econbiz.de/10005001499
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Multidimensional screening with complementary activities: regulating a monopolist with unknown cost and unknown preference for empire-building
Borges, Ana P.; Laussel, Didier; Correia-da-Silva, João - Faculdade de Economia, Universidade do Porto - 2013
We study optimal regulation of a monopolist when intrinsic efficiency (intrinsic cost) and empire-building tendency …
Persistent link: https://www.econbiz.de/10010634137
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Bargaining and collusion in a regulatory relationship
Fiocco, Raffaele; Gilli, Mario - 2014
We investigate regulation as the outcome of a bargaining process between a regulator and a regulated firm. The …
Persistent link: https://www.econbiz.de/10010371305
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Mergers between regulated firms with unknown efficiency gains
Fiocco, Raffaele; Guo, Gongyu - 2014
In an industry where regulated firms interact with unregulated suppliers, we investigate the welfare effects of a merger between regulated firms when cost synergies are uncertain before the merger and their realization becomes private information of the merged firm. The optimal merger policy...
Persistent link: https://www.econbiz.de/10010358241
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Regulation of Europe's network industries : the perspective of the new economic theory of federalism
Bickenbach, Frank - 2000
economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An … competencies for the regulation of the European network industries. …
Persistent link: https://www.econbiz.de/10011491086
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Inefficiency and regulation in credence goods markets with altruistic experts
Farukh, Razi; Kerkhof, Anna; Loebbing, Jonas - 2020
provide higher quality services to all consumers. The externality renders the market outcome inefficient. Price regulation …, price regulation should be accompanied by licensing arrangements that cap the number of experts in the market. Our theory … provides a novel rationale for the wide-spread use of price regulation and licensing in real-world markets for expert services. …
Persistent link: https://www.econbiz.de/10012431181